First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Volume Increase – Time to Buy?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) shares saw unusually-high trading volume on Tuesday . Approximately 313,596 shares were traded during trading, an increase of 33% from the previous session’s volume of 236,158 shares.The stock last traded at $41.8350 and had previously closed at $41.83.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.0%

The business’s 50 day moving average price is $41.79 and its two-hundred day moving average price is $41.86.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.2225 dividend. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HYLS. Flow Traders U.S. LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $1,206,000. GAMMA Investing LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after purchasing an additional 490 shares during the period. Geneos Wealth Management Inc. raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 161.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 141,368 shares of the company’s stock worth $5,911,000 after purchasing an additional 87,299 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 100.7% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 129,078 shares of the company’s stock worth $5,397,000 after purchasing an additional 64,777 shares during the period. Finally, MGO One Seven LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.7% in the 2nd quarter. MGO One Seven LLC now owns 7,434 shares of the company’s stock worth $311,000 after purchasing an additional 1,224 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.